Saturday 11 November 2017

Dubai to get spillover boost from Aramco listing says DIFC chief | Arab News

Dubai to get spillover boost from Aramco listing says DIFC chief | Arab News:

"Dubai is set to benefit from the spillover effect of a Saudi Aramco listing and other market reforms underway in Saudi Arabia, according to the chief of the emirate’s financial hub The planned listing of Saudi Aramco and the opening of financial markets in Saudi Arabia will “increase the pie” of financial services in the region, said Dubai International Financial Center (DIFC) Governor Essa Kazim, in an interview on the sidelines of a World Economic Forum meeting in Dubai. “Opening Saudi is completely a positive for the whole region,” said Kazim. “Our market is highly interactive with the Saudi market, so the investment flow that would come to Saudi would have a spillover into our market."



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